Compenswiss issues RFP for a core European real estate fund

The Swiss pension is looking to diversify its global real estate portfolio.

Institution: Swiss Federal Social Security Funds (compenswiss)
Headquarters: Geneva, Switzerland
AUM: CHF 36.94bn
Allocation to Alternatives: 8.7%

Compenswiss, the central manager of three Swiss social insurance schemes, issued an RFP on July 12 for a European core real estate fund, with an intended investment amount of €50 to 100 million. The pension is interested in high-grade multi sector and country strategic real estate across the region.

The RFP has since been taken down from the website, as evaluation of proposals commenced Monday and will continue until the first week of August, with on-site visits to follow. Details on received proposals could not be disclosed.

The search for a core European real estate fund was made in hopes to diversify the pension’s real estate portfolio, though it will most likely be the last investment in such a fund. According to a representative within the organization, investments in European core and core-plus funds currently total over SFr 400 million.

Compenswiss may consider future investments in core-plus and value-add funds in Europe, Asia, and the US.

As illustrated in the charts below, compenswiss currently allocates 8.7 percent of its assets to real estate, the rest being made mainly to bonds and equities.

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